A company made the following merchandise purchases and sales during the month of March: 1-Mar 6-Mar 9-Mar 15-Mar 20-Mar 29-Mar Purchased 700 units @ Purchased 300 units @ Sold 550 units @ Purchased 350 units Sold 200 units @ Purchased 50 units $20 each $21 each $40 each $22 each $40 each $23 each There was no beginning inventory. If the company uses the first-in, first-out (FIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? 1ABIU Goods Purchased Cost of Goods Sold Inventory Balance Date Cost of Goods Sold: $ Time left 138.49